ZTO Express (Cayman) (NYSE:ZTO) Upgraded at StockNews.com

StockNews.com upgraded shares of ZTO Express (Cayman) (NYSE:ZTO) from a hold rating to a buy rating in a research report released on Wednesday morning.

Separately, JPMorgan Chase & Co. initiated coverage on ZTO Express (Cayman) in a report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.03.

ZTO Express (Cayman) Stock Down 0.9 %

ZTO Express (Cayman) stock opened at $19.74 on Wednesday. The stock has a market cap of $11.93 billion, a P/E ratio of 13.61, a P/E/G ratio of 0.98 and a beta of -0.13. The company’s 50 day moving average price is $20.85 and its two-hundred day moving average price is $21.37. ZTO Express has a 52 week low of $15.90 and a 52 week high of $27.50.

Institutional Trading of ZTO Express (Cayman)

Institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in ZTO Express (Cayman) in the third quarter worth approximately $8,723,000. Fisher Asset Management LLC boosted its stake in shares of ZTO Express (Cayman) by 10.0% in the 3rd quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock worth $86,307,000 after buying an additional 317,450 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of ZTO Express (Cayman) by 60.9% in the second quarter. Renaissance Technologies LLC now owns 167,300 shares of the transportation company’s stock worth $3,471,000 after buying an additional 63,300 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of ZTO Express (Cayman) by 17.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 144,347 shares of the transportation company’s stock valued at $2,995,000 after acquiring an additional 21,750 shares during the period. Finally, Scientech Research LLC bought a new stake in ZTO Express (Cayman) during the second quarter valued at about $927,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.